EURUSD to see further downside on Wednesday
Firstly, an analysis of the Daily USDX chart suggests that today's price action was a necessary pullback before going longer, aiming for the weekly draw on price at the equal highs and liquidity void around 98 - 98.50. https://www.tradingview.com/chart/uPEjppzc/
Thus, I will be looking for SHORTS on the EURUSD tomorrow during the London session between 07:00 - 10:00 GMT time. You can see on this chart the two areas I will be targeting tomorrow. Short area 1 would be looking for price to fill in the remainder of the pricing inefficiency that exists after Monday's big down trading day and find resistance at a 15Min order block. Short area 2 would be looking for price to find resistance at a 4HR order block and Friday's low.https://www.tradingview.com/chart/uPEjppzc/
Thus, I will be looking for SHORTS on the EURUSD tomorrow during the London session between 07:00 - 10:00 GMT time. You can see on this chart the two areas I will be targeting tomorrow. Short area 1 would be looking for price to fill in the remainder of the pricing inefficiency that exists after Monday's big down trading day and find resistance at a 15Min order block. Short area 2 would be looking for price to find resistance at a 4HR order block and Friday's low.https://www.tradingview.com/chart/uPEjppzc/